Closing Bell: Applications Open for Affordable Condos at Navy Green

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    The developer of Navy Green, the big multi-building, multi-phase mixed-income development on the Fort Greene/Clinton Hill border, has started taking lottery applications for affordable condos. Qualified applicants will get to live in a 12-story, 99-unit building under construction at 8 Vanderbilt Avenue, on the corner of Flushing. There are 74 income-restricted condos ranging from one to three bedrooms, as well as a courtyard, playground, storage units, bike parking and roof terrace, according to the building’s website.

    One-bedrooms will start at $230,000, two-bedrooms at $330,000 and three-bedrooms at $410,000. Income ranges set by the HPD start at $54,000 for a single person and go all the way up to $175,350 for a family of six. Fill out an application and mail it in by May 26. Anyone who wants to apply can attend informational seminars on April 2 and 15 from 6 to 8 pm, at Founder’s Hall at Francis College, located at 180 Remsen Street in Brooklyn Heights.

    So far, Dunn Development has built three affordable rental buildings in Navy Green, and plans to construct 23 single-family townhouses on Vanderbilt and Clermont, also part of the complex.

    Navy Green Coverage [Brownstoner]
    Rendering via Navy Green

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